Perhaps people are deciding that the impact a nefarious foreign government can have on them is less of a risk than their own government acting the same way. So Chinese should feel safer interacting with American companies and Americans safer interacting with Chinese companies.
That's probably bullshit.
Could also just be yet another wave of information warfare. I'm like 87.9% sure that bad actors explains nearly every aspect of this awful timeline we are on.
On a personal level, your own government can absolutely, 100% be more likely to do you harm than a foreign government, for simple jurisdictional reasons. They have more power over your life. And with an administration as corrupt and degenerate as the current US administration, it's an extremely reasonable perspective to have.